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April 14, 2022
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Unstoppable: March inflation rate shot up to 6.7%, the highest in two decades

Unstoppable: March inflation rate shot up to 6.7%, the highest in two decades

Argentina registered in the month of March, an index of inflation 6.7% MoMwhich represents the highest figure recorded in the country since 2002, when the national economy left the convertibility system and the devaluation hit the Argentine peso hard.

According to the latest update from the National Institute of Statistics and Censuses (INDEC), the rate of inflation year-on-year in the country reached 55.1% last month, positioning itself as one of the highest indices in the world. In addition, during the first quarter of 2022, consumer prices climbed 16.1%

Source: (C5N)

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